Inflation data released by the Australian Bureau of Statistics undershot forecasts.
3 reports, 3 independent
Updated Aug 28
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What happened
Inflation data released by the Australian Bureau of Statistics undershot forecasts.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Hotter-than-expected inflation data released by the Australian Bureau of Statistics.1 source
ABS inflation data undershot forecasts, impacting RBA outlook.1 source
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The entities involved
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Australian Bureau of Statistics
federal statistics and census agency of the Australian Government
- Stockland reported a sharp decline in sales over the past year, coinciding with the ABS release of national lending and price data.
- The Reserve Bank of Australia is managing monetary policy while assessing how geopolitical risks in the Middle East, including conflict status and oil flow, affect the outlook for inflation and the potential benefits of a peace deal.
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Reserve Bank of Australia
central bank of Australia
Related events
- Lower government spending is reported to be reducing inflation.
- The Fair Work Commission noted the Reserve Bank of Australia's inflation forecast in a recent decision.
- ABS inflation data influences RBA policy outlook and prompts commercial banks like ANZ and NAB to adjust their interest rate forecasts.
- High inflation pressures are driving calls for rate hikes, alongside Trump's media activity and new economic data.
- ABS reports on the current state of the Australian economy.